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(Z0) Attempting An Extension Higher

AUSSIE 10-YEAR TECHS
  • RES 3: 99.480 - High Mar 10 and the all-time high
  • RES 2: 99.360 - High Apr 2 (cont)
  • RES 1: 99.290 - High Oct 16
  • PRICE: 99.120 @ 19:58 GMT Nov 18
  • SUP 1: 98.985 - Low Nov 11
  • SUP 2: 98.970 - Low Sep 8
  • SUP 3: 98.935 - Low Sep 18 and 21

Aussie 10yr futures took a knock Monday, edging lower as Moderna released positive efficacy results for their COVID vaccine. Nonetheless, prices are attempting a recovery from the Nov 12 low. A break above 99.138, the 20- day and 50-day EMAs would be a positive development and signal scope for a climb towards the key resistance 99.290, Oct 16 high. On the downside, key support and the bear tigger has been defined at 98.985.

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